Elon Musk's xAI raises $6 billion to build even more powerful AI supercomputers

On track to build the most powerful supercomputer.
Elon Musk’s xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 investors, followed a doubling of xAI’s valuation within six months and solidified the company’s position as a growing competitor in the AI sector.
Major investors in this funding round include Nvidia, AMD, Andreessen Horowitz, Blackrock, Fidelity, […]
Elon Musk's xAI raises $6 billion to build even more powerful AI supercomputers